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News

US President Donald Trump and Saudi Crown Prince Mohammed bin Salman signed a Strategic Economic Partnership Document and several other agreements on May 13.

Finance Minister Marko Primorac details Zagreb’s objectives including an overhaul of state owned enterprises, accession to the OECD and revitalisation of the local capital market.

Credit ratings agency Fitch upgraded Argentina's long-term foreign-currency and local-currency issuer default rating to 'CCC+' from 'CCC' on May 12, citing a new IMF programme and foreign exchange market liberalisation.

A foiled heist in the heart of Lima has exposed the operations of a foreign-led gang allegedly orchestrated by Vitaliy Zinchenko, a 42-year-old Ukrainian national with a criminal past in Peru.

A German court has banned Mediahuis Luxembourg S.A., the most important media holding in Luxembourg, from referring to Uzbek-born Russian metals and media tycoon Alisher Usmanov as the owner of the luxury superyacht Dilbar.

Tech

Iran and Russia rolled out the second phase of their Shetab-Mir payment network integration, strengthening financial ties between the two nations

Saudi Crown Prince Mohammed bin Salman has announced the launch of Humain, a company owned by the Public Investment Fund (PIF).

Under President Prabowo’s administration, the government has pledged support for the development of the data centre sector to accelerate digital transformation and drive a technology-based economy.

Amazon's cloud computing division has announced plans to invest $4bn in Chile to build its first data centres and cloud infrastructure in the country.

Opposition leader says move is "digital pillar" of coup mounted by regime to stop Turks electing president they want.

Opinion

The vast economic and demographic imbalance between India and Pakistan strongly favours New Delhi in any theoretical war between the two rivals. Yet, lessons from the ongoing war in Ukraine suggest that India cannot win a total war.

The economic trajectories of Central and Eastern European countries are drifting apart, with growth, inflation, and policy direction showing increasing divergence.

Calin Georgescu’s “Food, Water, Energy” programme promises to heal Romania, but could morph into an authoritarian project.

The oil market has entered choppy waters once again. Crude prices fell by a dramatic 18% in April y/y – the sharpest monthly drop since November 2021 – partly due to a global slowdown, but more due to a power struggle within OPEC+.

The US doesn't have the clout to even get countries as small as Hungary to cut their ties with China, says political commentator and bne IntelliNews columnist Arnaud Bertrand.

Data

Czech unemployment remained at 4.3% in April, the same level as in March. Year on year, the unemployment increased by 0.6 percentage point, or by 38,462 persons.

The landslide win by far-right presidential candidate George Simion in the first round of the presidential elections has rattled investors.

Slovakia’s industrial output increased by 3.5% year on year and by 0.7% month on month in March, registering the first month of growth this year.

Despite some progress in reining in prices, Turkey's headline figure is a bar graph section too far.

Fluctuations in global oil prices remain a critical vulnerability for Azerbaijan’s economy.

Features

Almost all US assistance terminated.

President Donald Trump will arrive in Riyadh on May 13 for a four-day Middle East tour, with business deals and economic partnerships taking precedence over traditional diplomatic priorities.

Canadian miner McEwen Copper is pushing ahead with one of Latin America's most ambitious copper projects, betting that President Javier Milei's business-friendly reforms will finally unlock Argentina's untapped mining potential.

Polls show PM Edi Rama’s Socialist Party has a strong lead over its main rival, the opposition Democratic Party, which promises to ‘make Albania great again’.

The OFAC stated the sanctions are in response to the trio's alleged involvement in online financial scams, human trafficking, and cross-border smuggling operations that have targeted US citizens.

Blogs

Even as Taiwan is described as potentially the most dangerous flashpoint in Asia, it is actually the fulcrum upon which the future of the Indo-Pacific — and by extension the global balance of power — may pivot.

I have just been watching the Victory Day parade on Red Square. A few observations.

The massacre of thirteen miners in Peru's Pataz exposes a state paralysed by its own laws, captured by criminal economies, and sustained by complicit politicians in the country's collapsing fight against illegal mining.

The EU is continuing to grapple with the complex challenge of eliminating its remaining oil and gas imports from Russia, as the European Commission prepares to unveil a roadmap this week outlining how to achieve that goal, hopefully by 2027.

Under Mexico City's gentrified surface, the wounds of Tlatelolco and Ayotzinapa remain unhealed. After 11 years, the author finds a quieter nation with booming foreign investment, yet questions if democracy has truly triumphed over cartels.

bneGREEN

Wildfires in Syria's Jabal Turkman have expanded due to strong winds as firefighting teams battle the blaze for a fifth consecutive day.

India’s National Green Hydrogen Mission has outlined a plan to establish the country as a major producer and exporter of green hydrogen.

More than half of children born in 2020 will experience unprecedented lifetime exposure to extreme heatwaves even if global warming is limited to 1.5°C above pre-industrial levels.

Renewables are up, fossil fuels down.

The arguments contrast sharply with those of the UK’s Labour government.

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